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PROVIDENCE, R.I. (AP) — A Brown University alumnus who manages one of the largest private equity firms in the world has donated $25 million to the college's economics department to expand research into economic disparities.

The Providence Journal reports that more than half the funds donated by Orlando Bravo, who graduated from the Ivy League school in 1992, will go toward establishing the Orlando Bravo Center for Economic Research.

The remaining funds will be used to hire faculty.

Bravo is a managing partner of Thoma Bravo, which buys and develops technology companies.

Bravo says Brown is at the forefront of inequality and social mobility research, two areas important to him.

Bravo grew up in Puerto Rico and was the first in his family to go to college outside of the U.S. territory.